JPMorgan’s participation in the BlackRock Bitcoin ETF as a custodian raises eyebrows, given its history of hefty fines and controversies. Concerns over counterparty risk loom large in the crypto industry, emphasizing the importance of individuals holding their own bitcoins to avoid potential consequences of a major Wall Street bank’s involvement.
As legacy financial institutions like JPMorgan harness the power of digital tokens, we are on the cusp of a transformative era where traditional banking and cutting-edge digital solutions converge for a more efficient, agile, and responsive financial world.
HSBC will acquire a plot of LAND, virtual real estate in The Sandbox metaverse, which the bank will develop to engage and connect with sports, esports and gaming enthusiasts.
“This democratic ownership economy coupled with the possibility of interoperability, could unlock immense economic opportunities, whereby digital goods and services are no longer captive to a singular gaming platform or brand,” states JPMorgan.
Time taken to resolve cross-border payments-related inquiries can be reduced to a few hours from up to a fortnight. This will speed up overseas transactions cross-border payments.
United States, Feb 17, 2021 /AlexaBlockchain/ – Bitcoin boom does not seem to be stopping soon with the world’s no. 1 crypto surging above the $52,000 level on Wednesday for…
United States, Nov. 16, 2020 /AlexaBlockchain/ – JPMorgan’s Global Markets Strategy team released a report covering Bitcoin which shows that institutional investors are moving from Gold ETFs to…